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We teach finance basics.
There are pro’s and con’s of owning stocks, real estate, and small business.
Stock are share ownership of a company.
One major pro is that it is easy to liquidate or convert into cash.
For example, if you need to purchase a new car.
Stocks also have not much upkeep. You can be relaxing on the beach.
Of course, the con of a stock is that it is relatively volatile. If this stress you out you might want to think twice.
Pro in real estate as an investment is that you can live in it.
As for con’s, let’s cover them. For instance, you might have rental trouble and you also have to pay property tax.
Don’t forget real estate in general takes a long time to liquidate since you have to find a buyer and of course there is upkeep since you have to maintain the roof for example.
The pro’s of owning a small business is that you can sell it for a profit, you will at least have a job, and you are your own boss.
The con’s is that you have to manage workers, it is a 24 hour work lifestyle, and it can be emotionally draining.
Evaluate your situation and understand your personality type.
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Professor Savings signing off